The review forms part of ConocoPhillips' broader portfolio optimisation strategy. In its fourth-quarter earnings release, the company confirmed $3.2bn in asset sales during 2025 and reiterated its goal of reaching $5bn in total disposals by the end of 2026. For private equity, the potential transaction offers exposure to mature Permian Basin assets at a time when upstream valuations remain sensitive to commodity price volatility and capital discipline pressures. Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today.
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